Dear Dave,

What is your opinion on micro investing apps?

TAMMY

Dear Tammy,

Honestly, I’m not a big fan of micro investing apps. As you probably know, the word “micro” means small. So why would you want to mess with something like that? Are you going to have a micro retirement? Do you want to be micro wealthy? I don’t. I want to be really wealthy with a big retirement and a big life full of outrageous giving.

It’s fine if you want to give micro investing apps a try. I’m not going to be mad at you or anything like that. But these things function kind of like deals where the marketers say you get one per cent back. It’s like credit cards, where silly people spend $100,000 in order to get $1,000 in brownie points.

You’ve got to do more than micro, because micro means what it says — small. I guess you could argue that at least you’re doing something, but if that’s your only plan you should prepare to be pretty hungry during retirement.

When it comes to investing, why not go big? Go big, or go home!

— DAVE

Dave Ramsey is CEO of Ramsey Solutions. He has authored seven bestselling books, including The Total Money Makeover. The Dave Ramsey Show is heard by more than 12 million listeners each week on 575 radio stations and multiple digital platforms. Follow Dave on the web at daveramsey.com and on Twitter at @DaveRamsey.